Newmont Corporation (N:NEM)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 6900 E Layton Avenue, Suite 700 DENVER CO 80237 |
| Tel: | N/A |
| Website: | https://newmont.com |
| IR: | See website |
| Key People | ||
| Thomas Palmer President, Chief Executive Officer, Director | Peter Wexler Chief Legal Officer | Karyn F. Ovelmen Chief Financial Officer, Executive Vice President |
| Natascha Viljoen Chief Operating Officer, Executive Vice President | Jennifer Cmil Chief Human Resource Officer, Executive Vice President | Dean Gehring Executive Vice President, Interim Chief Technology Officer, Chief Integration Officer |
| Robert Atkinson Executive Vice President | Suzanne Retallack Executive Vice President, Chief Safety and Sustainability Officer, and Executive, Australia | Peter Ivan Toth Executive Vice President, Chief Development Officer | Joshua L. Cage Chief Accounting Officer, Controller |
| Business Overview |
| Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver. The Company's portfolio of assets and prospects is anchored in mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Its African operations include Ahafo and Akyem. Its Australian operations include Boddington, Cadia, Tanami and Telfer. Its Latin America and Caribbean (LATAC) operations include Cerro Negro, Merian, Penasquito, Pueblo Viejo JV and Yanacocha. Its North American projects include Brucejack, Cripple Creek & Victor, Eleonore, Musselwhite, Nevada Gold Mines JV, Porcupine and Red Chris. Its Papua New Guinea projects include Lihir. Its Ahafo mine is located in the Ahafo region, approximately 290 kilometers (km) northwest of Accra, Ghana. Boddington is located 130 km southeast of Perth in Western Australia and its project area comprises over 52,506 acres (21,249 hectares) of mining tenure leased from the State of Western Australia. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Newmont Corporation revenues decreased 1% to $11.81B. Net loss before extraordinary items increased from $459M to $2.52B. Revenues reflect Penasquito segment decrease of 59% to $901M, United Kingdom (Country) segment decrease of 8% to $7.64B. Higher net loss reflects Reclamation and remediation increase of 66% to $1.53B (expense). Dividend per share decreased from $2.20 to $1.60. |
| Employees: | 21,700 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $50,862M as of Dec 31, 2023 |
| Annual revenue (TTM): | $11,812M as of Dec 31, 2023 |
| EBITDA (TTM): | $2,870M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2,521M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1,318M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $6,411M as of Dec 31, 2023 |
| Shares outstanding: | 1,152,786,963 as of Feb 27, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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